Oil rig news

With just 48% of floating rigs under contract presently and more scrapping needed to increase floater utilisation above 70 percent, it’s too soon to be bullish on outlook.

The contract is based on a master framework agreement established between Seadrill and Equinor.

Engineering and manufacturing specialists, Entro Industries, today announced the immediate availability two new additions to its King-Pin walking foot family.

Terry Childs, Head of Riglogix, provides an overview of the Gulf of Mexico jackup market.

It will be the first major rig refurbishment completed at HENDERSON’s new service centre and rig yard at 6750 Bender Road in Houston, Texas.

Stena Drilling has teamed up with advanced simulator developer and manufacturer, Drilling Systems to combine competency assessment and coaching in-the-field with the On-The-Rig (OTR) simulator.

Since the previous report, the company has added approximately US$405 million in contract backlog.

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively.

First local Jack Up rig to be used for natural gas drilling campaign.

The capital expenditures for the project are estimated at NOK 7.8 billion, helping extend the productive life of the Troll field beyond 2050.